Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-09-02
SOLIDlFYING.
THE BOOM NOTHING ETHEREAL
But PERMANENT.
Sacramento To-day is the Central
Point Of All that is Good On
the Pacific Coast.

Ii any one Two weeks ago WOulu ndfe
predicted the boom that has come SO sud
denly upon US, he would have been looked
upon as a fit subject for the insane asylum
We all looked for it, we all expected it, but
the suddenness of the attack in an UMPIRE.
pared moment rather knocked everybody
out in the first round. As consequence
there were two or three days of unpar-
alleled excitement. Everybody was en-
deayoring to get in at any price, and lots
went up on the market regardless to loca-
ton or desirability for residence purposes.
As result many trades were made at the
inception of the boom that could not be
made to-day. The people were wild with
excitement, and grain of sand" sold
for dollar anywhere-at least ten-cent
option could be obtained for it. This class
of business settled down in two days, and
THE ST EADY ADVANCE OF PRICE,
The constantly increasing demand for
realty came along until now a dozen real
estate firms cannot handle the volume of
business. The boom yesterday was the
best of the entire week; solid business men
were putting their money up for farm
lands. The capitalist from abroad was
down his twenty dollar pieces for
Sacramento fruit lands. The Los Angeles
land sharp was taking in suburban tracts,
and chuckling over the thoughts of the
immense profits he was sure to make, as
he carefully tucked the deeds away in his
pocket. The gentleman from Orange was
here, and buoght lands along the American
that is sending fruit almost daily to New
Nnrly 10 nrar \ L,,N
for a regular diet give me the delicious
fruit of Northern and Central California"
THE SOLID BOOM.
Many people on the street Monday pre-
iicted that the bottom would drop out of
the market inside of two days. Their idea
Of boom is peculiar one.
An Auburn gentleman, speaking on
booms, said: My idea of a boom is not a
feverish excitement incident to wild specu-
Iation and lasting only for week or two,
injured, but it is an influx of actual settlers
who buy land with knowledge of what it
is worth to them with regard to either
its producing capacity or its desirability
in the particulars of location and climate.
ALI three of these considerations may en-
ter into the valuation of piece of prop
erty. The kind of boom wanted here is
one which will attract good class of peo-
pie who want to live here because our pro-
auctions and climate are unexcelled any.
where. The way to bring them here is to
put what we have TO sell into shape for the
market by subdivision ard Improvements,
and then let them know that we have lit
They will not come unless some of our
business men take hold of this thing and
10 something to attract attention"
SACRAMENTO LEADS.
E. w. Hale, of the firm of Hale Bros.
L Co., Ninth and K streets, came up from
San Jose yesterday. His firm owns prop
,rty and are doing business in this city,
San Jose and Los Angeles. While
lis headquarters are in Sacramento, he
makes frequent trips to the other points,
md is well acquainted with the business
of each, the proper valuation of
and can judge as to its future. In
lis estimation, Sacramento is far in the
cad of all its competitors, so far as its loca-
ion, business and future is concerned.
This boom, in his opinion, is no boom at
all, but simply forerunner of the good
lines coming. When he learned that the
Central House property, sixty feet front,
had sold for $500 front foot, he manifested
much surprise, and said there was not a
piece of property on K street, from Fourth
10 Tenth, that was not worth 81 900 front
loot, and corner lots were worth more. In
San Jose, he said, a town not half so good
rs Sacramento, with no prospects for the
future to compare with that of this section
city property rates almost twice as high,
not unfrequently selling for 81 500 front
foot. His advice to all seeking investments
was TO come to Sacramento and invest in
either city or country property.
MAGNIFICENT SECTION.
" Go to Ell Dorado if you want to get in
cheap on fruit lands" was the watchword
all along the line yesterday, and many a
man has gone thither to seek a home in
those fertile and we'll Watered hills, where
the flowers ever bloom, where the scenery
is the grandt st in nature, the forests of pine
and oak are almost untouched, and where
the railroads put them within two hours of
the Capitol. individuals who foresaw the
coming of the boom, and bonded foothill
farms, are reaping veritable golden har-
vest, while there yet remains many acres of
Government land subject to presumption.
Judge H. A. Mayhem, of Red Blug, is IT,
vesting in property in this city. He has
bought the Painter property, P street, be-
tween Eighteenth and Nineteenth; the
Preston property, ? street, between Four
and lots on Sixth street, between n and o
also house and lot on Fifth street, be-
tween NJ and n, and still intends buying
more. He has taken up his residence here
and will be a valuable acquisition to our
citizens.
A sACRAMEETAE AT CHICAGO.
r. B. Harmon, well-known merchant,
who has just returned from the East, says
J. ut hos
and grapes are raising greater Juror in the
East than did ever the orange from the
south. People are all talking California in
the East, and the immigration this fall and
next spring will be immense. The geo.
graphy of this State is not well known in
the East, and half of the people there know
nothing except Los Angeles. Mr.. Harmon,
in conversation with reporter yesterday,
said that while in Chicago he passed fruit
market near the Tribune building, where
quite a crowd had gathered. Upon inquiry
he learned that the attraction was a lot of
fine California peaches, which the dealer
had Just placed on exhibition. The dealer
was asked where they were from, and he
replied From California" Upon being
asked what part, he said he thought that
they were from Los Angeles. Mr.. Harmon
said he thought the time had come for him
u SDOM LIS lOydltS W lle nOIlnt dllu LuTIl-
ing around the box showed the brand,
which was, Newcastle, Placer county,
California. He then explained to the
who were anxious to know where
was located the land that produced such
luscious golden fruits, that Newcastle was a
few miles from Sacramento, but over 500
from Los Angeles. One gentleman, who
has been reading pamphlets from the south,
asked Mr.. Harmon in what part of Los An
geles was California located.
EXCURSION TRAINS.
The committee of citizens that visited
San Francisco yesterday to arrange with
the railroad people for excursion trains,
returned last evening. They had an inter
view with Senator Stanford G. +. Croker
and A. n. Towne. The railroad people
promised special excursion rates from Ma
rysville, Stockton, San Francisco and Los
Angeles, at a very low figure. Senator
Stanford and Mr.. Croker spoke
warmly of Sacramento. The Senator
said the capital was the coming
great city, her location and fine resources
were unexcelled, she was backed by an i'm
mense area that when developed would as
tonish the world with its productiveness.
He was glad to be able to assist her enter
prising citizens in making known her
many advantages.
The sale of the Doyle Tract has been
postponed until September the 18th, owing
to the fact that the railroad COmnanV can